KUALA LUMPUR : Bursa Malaysia is expected to trade range-bound while taking a breather following recent gains, in line with global equities, a dealer said.
"While we anticipate a temporary pause in bullish activity after such a strong surge, the index remains positioned above all exponential moving averages . "Foreign investors continued to accumulate Malaysian equities this week with daily inflow from May 6 to 8, before recording a minor outflow on May 9.
On the index board, the FBM Emas Index jumped 116.57 points to 12,086.68, the FBM 70 Index went up 223.35 points to 16,960.37, and the FBMT 100 Index perked up by 100.05 points to 11,697.17. For the week just ended, turnover advanced to 24.57 billion units worth RM16.89 billion against 16.10 billion units worth RM13.43 billion in the preceding week.